>>I'm crazy but my idea of hedging is having about equal investments in both biotech and tech stocks. I've found that most of the time I can use one to bail out the other.<<
Actually I do something similar, but then I'm crazy (actually, I prefer the term, eccentric, even if its not as accurate), too.
>>PS. I didn't want to sell any of my LGND because I have faith in the company and Henry. I think you're going to lose some wine here soon.<<
No, selling LGND is an unforgivable heresy, punishable by an indeterminate relegation to biotech purgatory. As for the wine, we have 3 bets, all of which I hope to lose asap. Believe me, I didn't make those bets hoping to win. First LGND has to hit 20 by the end of OCT, otherwise I win a bottle of wine. Second, LGND has to hit 20 by Dec.31. Henry will probably win that one, so we will be even at one bottle apiece. 3rd bet is 30 by end of August 1998. |
